Prolonged high rates are likely to weigh on the gross domestic product (GDP) growth this fiscal, according to the report
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In a meeting in New Delhi on Tuesday, Department of Financial Services (DFS) Secretary Dr. Vivek Joshi chaired a meeting where initiatives such as CKYC, the Jan Samarth portal, Aadhar seeding, and other relevant schemes were reviewed.
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The ratio of India's international financial assets to its international financial liabilities improved, reaching 74 per cent in March 2024, up from 71.4 per cent in March 2023
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India is moving ahead towards 8 per cent GDP growth in a sustained manner, adding that the average growth India recorded in the last three years is 8.3 per cent
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The survey is conducted pan India, across SECs, age groups, cities with representation across metros, tier 1, tier 2 and tier 3 cities and across different cohorts and regions using the Ipsos IndiaBus platform.
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Underscoring the imperative of fostering a future-ready ethos within the financial sector, Das also stressed the critical role of timely supervisory intervention in mitigating systemic risks.
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The RBI highlighted that the early arrival of the southwest monsoon will boost the agriculture prospects and is expected to surge agricultural production
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India's forex reserve is at a record high, and this gives confidence to international investors for investing in the Indian economy, he says
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The reserves have been rising on and off for a long time now. So far in 2024, they have risen over USD 30 billion, on a cumulative basis
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Georgieva, while welcoming the participants of the 23rd annual conference, invoked the need to supervise the dynamic financial sector.
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